DUBLIN (AP) _ Alkermes PLC (ALKS) on Wednesday reported a loss of $22.4 million in its first quarter.

On a per-share basis, the Dublin-based company said it had a loss of 14 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 11 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The drugmaker posted revenue of $251.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $228 million.

Alkermes shares have increased 13% since the beginning of the year. The stock has risen 36% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALKS at https://www.zacks.com/ap/ALKS

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